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Determine the cost of merchandise sold for the transaction on September 25 using the perpetual inventory system and the FIFO method. Date Sept. 1 4

Determine the cost of merchandise sold for the transaction on September 25 using the perpetual inventory system and the FIFO method. Date Sept. 1 4 8 20 25 a. $89 O b. $86 c. $96 O d. $120 Item Inventory Purchase Sale Purchase Sale 4 Units 5 8 6 15 12 Cost $6 7 8 Total $30 56 120
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a. $89 b. $86 c. $96 d. $120

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